Why is Max Heights falling/rising?

As of 17-Jul, Max Heights Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 12.35, reflecting a decrease of Rs 0.78 or 5.94%. The stock has underperformed significantly, with a 1-week return of -7.14% and a staggering -80.40% over the past year. Today's performance indicates that it is trading lower than all key moving averages, and it is only 1.05% away from its 52-week low. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 44.6% compared to the 5-day average. The company's financial health is concerning, as it has reported operating losses and a high debt-to-equity ratio, contributing to its weak long-term fundamental strength.
In the broader market context, while the Sensex has shown a slight increase of 0.83% over the past month, Max Heights has significantly lagged, with a 30.23% decline in the same period. This stark contrast highlights the company's struggles against the benchmark. Despite being valued attractively compared to its peers, the company's poor profitability, as evidenced by a return on equity of only 2.63% and a dramatic profit decline of 71% over the past year, continues to weigh heavily on investor sentiment. Overall, the combination of operational challenges and underperformance relative to the market has led to a negative outlook for Max Heights Infrastructure Ltd.